Group 1 - The Hang Seng Index fell by 1.07%, down 270 points, closing at 24,906 points, while the Hang Seng Tech Index rose by 0.34% [1] - AI concept stocks showed strong performance, with multiple catalysts for AI applications in the second half of the year, indicating significant investment opportunities [1] - Notable gainers in AI stocks included Meitu Inc. (up 15.26%), Kingdee International (up 11.70%), and Kuaishou-W (up 8.98%) [1] Group 2 - Three-Six Pharmaceutical saw a rise of over 5% due to the overseas potential of SSGJ-707 being linked with Pfizer [2] - Huajian Medical surged over 10% after partnering with BGI to establish an innovative drug intellectual property tokenization fund [2] - Copper stocks declined across the board following Trump's announcement of a 50% tariff on imported semi-finished copper, with Zijin Mining falling by 4.93% [2]

Meta Platforms公布财报显示，第二季度营收超过预期，对当前时期的预测也强于预期，这表明这家社 交媒体公司的广告业务仍在快速增长，足以支持其在人工智能方面的大举支出。财报公布后，Meta美 股盘后一度大涨10%。 Meta预计，其第三季度营收将达到475亿美元至505亿美元，此外，Meta还上调了2025财年资本开支预 期区间的下限，因为该公司继续加大对人才、基础设施、数据中心和能源的投资，以在快速发展的AI 竞赛中保持竞争力。Meta目前预计全年资本支出将在660亿美元至720亿美元之间，较此前640亿至720 亿美元的预期有所提高。 格隆汇7月31日｜港股市场AI概念股集体强势，其中，美图公司涨超14%，金蝶国际涨超11%，创梦天 地、金山云涨超10%，汇量科技、快手-W涨超8%，粉笔、迈富时涨超7%，第四范式涨超6%，微盟集 团涨超5%，金山软件涨超4%。 | 代码 | 名称 | | 涨跌幅 √ | 最新价 | 总市值 | | --- | --- | --- | --- | --- | --- | | 01357 | 美图公司 | (0) | 14.71% | 12.480 | 569.86 ...

东方证券指出，看好下半年垂类AI产品用户增长和商业化闭环提速，考虑到目前海外AI付费习惯和意 愿更好，该行认为应重视国内有海外AI应用布局的公司，商业化起量或超预期。中信证券此前表示， H20解禁有望提振头部厂商CAPEX投入节奏，叠加从模型迭代到应用爆发的多重催化，下半年AI主线 具备充分投资机遇。 消息面上，近期，AI应用迎来多重催化。7月26日，2025世界人工智能大会（WAIC 2025）在上海拉开 帷幕。具身智能、智能体、AI眼镜等AI应用方向获得了较高关注度。此外，阿里通义千问，智谱近日 相继发布最新大模型。阿里开源了通义千问最新的编程大模型Qwen3-Coder。该模型在代码能力和智能 体能力方面取得重大突破，超越GPT4.1等闭源模型，比肩全球最强的编程模型Claude4；智谱发布新一 代旗舰模型GLM-4.5，并在HuggingFace与ModelScope平台同步开源。此外，OpenAI计划于8月推出新版 旗舰大模型GPT-5。 智通财经APP获悉，AI概念股走势强劲，截至发稿，美图公司(01357)涨13.05%，报12.3港元；金蝶国际 (00268)涨9.92%，报18.4港元；汇量 ...

智通财经7月31日电，截至发稿，美图公司(01357.HK)涨12.50%、汇量科技(01860.HK)涨9.85%、金蝶国 际(00268.HK)涨8.96%、金山云(03896.HK)涨7.97%。 港股AI概念股走强 美图公司涨超12% ...

截至2025年一季报，汇量科技营业总收入31.56亿元、净利润1.53亿元。 本文源自：金融界 作者：行情君 7月31日，汇量科技(01860)盘中上涨4.81%，截至10:11，报9.15元/股，成交3.01亿元。 汇量科技有限公司主要提供广告和分析工具套件，包括用户获取、变现、分析、创意自动化和智能媒体 采买等服务，以帮助开发者和营销人员提升广告营销ROI。公司于2013年成立，2018年在香港联合交易 所主板上市，目前在全球设立了17个办公室。 ...

Group 1: Market Performance - The Hong Kong stock market indices collectively rebounded, with the Hang Seng Index rising by 1.33%, the Hang Seng China Enterprises Index increasing by 1.51%, and the Hang Seng Tech Index gaining 1.65% [1] - The SaaS sector saw significant gains, with companies like Huilyang Technology rising by 15.56%, Yika by 10.11%, and Kingdee International by 7.27% [1] - The stablecoin concept also surged, highlighted by Yaocai Securities rising by 16.93% and Huajian Medical increasing by 20.41% following the U.S. House of Representatives passing a bill to establish a legal framework for stablecoins [1] Group 2: Sector Performance - Gold and non-ferrous metal stocks experienced a broad increase, with Lingbao Gold rising by 6.24% and China Molybdenum by 3.96% as spot gold prices rose above $3340 per ounce [2] - Major financial sectors, including Chinese brokerage and insurance stocks, also saw gains, with Xingsheng International up by 7.41% and China Life by 5.13% [2] Group 3: Automotive and Related Sectors - The automotive sector, including lithium battery and Tesla-related stocks, showed strong performance, with Tianqi Lithium rising by 5.82% and NIO increasing by 4.62% [3] - Other consumer sectors such as film, tobacco, and food stocks also performed well, with companies like Simoer International rising by 4.99% [3] Group 4: Declining Sectors - Sectors such as cosmetics, aviation, and luxury goods saw declines, with China Eastern Airlines dropping by 2.72% [3] - Notably, Chuangmeng Tiandi experienced a significant drop of 30.12%, despite expectations of turning a profit in the first half of the year [3]

Group 1 - AI applications are experiencing significant gains in the market, with companies like Kingsoft Cloud rising by 12.08% and Innovusion increasing by 11.2% [1] - The release of the K2 model by Kimi, which has over a trillion parameters, is generating excitement in the tech community due to its advanced capabilities in programming and reasoning [1] - Nvidia's CEO emphasizes the importance of the Chinese market, noting that it has cultivated 50% of the world's AI talent and highlighting the rapid development of AI models and applications in China [1] Group 2 - Tianfeng Securities expresses optimism about the AI industry and the AIDC supply chain, predicting that 2025 could be a pivotal year for AI infrastructure and application development in China [2] - CITIC Securities anticipates that the unlocking of H20 will boost capital expenditures among leading firms, creating multiple catalysts for investment opportunities in AI in the second half of the year [2]

Group 1 - Company Meituan has been ranked 208th in the 2025 Fortune Southeast Asia 500 list, which highlights the highest revenue companies in Southeast Asia, reflecting strong financial performance in 2024 [1] - In 2024, Meituan achieved a total revenue of $1.51 billion, representing a year-on-year growth of 43.0%, with gross profit reaching $316.3 million, up 45.6% [1] - The adjusted EBITDA for 2024 was $138.3 million, marking a growth of 31.3% [1] Group 2 - The core driver of growth for Meituan is its continuous investment in AI and machine learning, with its programmatic interactive advertising platform Mintegral being a key growth engine [1] - Mintegral generated $1.44 billion in revenue in 2024, a 47.2% increase year-on-year, with smart bidding products contributing over 70% of total revenue [1] - The diversified vertical strategy has shown significant results, with Mintegral's gaming business revenue reaching $1.04 billion, a growth of 37.0%, while non-gaming revenue surged by 82.0% to $403.3 million [1][2] Group 3 - The CEO of Meituan emphasized the company's focus on transforming complex problems into growth opportunities in the rapidly evolving AI and advertising technology landscape [2] - The Fortune Southeast Asia 500 list showcases the economic vitality of the region, with the 500 companies generating a total revenue of $1.82 trillion [2]

Core Insights - The company, 汇量科技, reported strong financial performance for the three months ending March 31, 2025, with a significant revenue increase and enhanced profitability [1] - The Mintegral platform's revenue reached $420.8 million, reflecting a year-on-year growth of 48.4% [1] - Net profit for the company was $19.882 million, showing a remarkable year-on-year increase of 177.9% [1] Revenue Breakdown - The intelligent bidding products, including Target ROAS, contributed over 80% of Mintegral's total revenue, highlighting their role as a key growth driver [1] - The gaming category on the Mintegral platform generated $30.57 million in revenue, marking a substantial year-on-year growth of 50.7% [2] - Non-gaming categories also performed well, with revenue of $11.51 million, representing a year-on-year increase of 42.5% [2] Strategic Developments - The company has made significant investments in AI and machine learning for its bidding systems, which have been well-received by advertisers [1] - The optimization of advertising budget structures and a more balanced business layout have been achieved through the continuous enhancement of Mintegral's intelligent bidding capabilities [2]

Financial Performance - For the three months ended March 31, 2025, Mobvista Inc. reported revenue of $439.6 million, a year-over-year increase of 45.8% and a quarter-over-quarter decrease of 3.0%[2] - Net income for the same period was $120.8 million, reflecting a 47.0% increase year-over-year and a slight decrease of 1.8% from the previous quarter[2] - The gross profit for the quarter was $96.0 million, up 55.4% year-over-year, with a marginal decrease of 1.3% from the previous quarter[2] - Adjusted net profit for the quarter was $21.9 million, a significant increase of 146.8% year-over-year, although it decreased by 18.4% from the previous quarter[2] - Revenue for the three months ended March 31, 2025, was $439,642 thousand, a 45.9% increase from $301,482 thousand in 2024[29] - Gross profit for the same period was $96,046 thousand, representing a gross margin of 21.8%, up from $61,819 thousand and a margin of 20.5% in 2024[29] - Basic earnings per share for Q1 2025 was $1.40, compared to $0.50 in Q1 2024, reflecting a significant increase[29] - Operating profit for the three months ended March 31, 2025, was $23,737 thousand, up from $10,262 thousand in the same period last year[29] - Total comprehensive income for Q1 2025 was $20,198 thousand, compared to $7,320 thousand in Q1 2024, indicating strong overall performance[30] Revenue Breakdown - The programmatic advertising platform Mintegral generated revenue of $420.8 million, representing a year-over-year growth of 48.4% but a quarter-over-quarter decline of 3.7%[4] - Revenue from the gaming category within Mintegral reached $305.7 million, accounting for 72.6% of total revenue, with a year-over-year increase of 50.7%[13] - Non-gaming revenue for Mintegral was $115.1 million, which is 27.4% of total revenue, showing a year-over-year growth of 42.5%[13] - The revenue from the advertising technology business was $435.3 million, which is 99.0% of total revenue, with a year-over-year increase of 46.4%[7] - Mintegral's total revenue for the three months ended March 31, 2025, reached $420.76 million, a 48.4% increase compared to $283.58 million in the same period of 2024[14] - The total revenue from the gaming segment was $305.68 million, accounting for 72.6% of the programmatic advertising business, with a year-over-year growth of 50.7%[14] Cost and Expenses - The cost of sales increased by 43.4% to $343.6 million, up from $239.7 million in the same period of 2024, primarily driven by rising traffic and server costs in the advertising technology business[15] - Research and development expenses increased by 43.0% to $42.2 million, up from $29.5 million in the same period of 2024, mainly due to the development of an intelligent bidding system[21] - Sales and marketing expenses rose by 31.2% to $17.3 million, compared to $13.2 million in the same period of 2024, primarily due to increased bidding costs[19] Profitability Metrics - Adjusted EBITDA for the period was $41.7 million, a 35.9% increase from $30.7 million in the same period of 2024[23] - Operating profit for the period was $23.7 million, representing a 131.3% increase from $10.3 million in the same period of 2024[26] - The advertising technology business gross profit rose 59.1% to $93.0 million, with a gross margin of 21.4%, compared to 19.7% in the same period of 2024[18] - The marketing technology business gross profit was $3.0 million, with a gross margin of 69.9%, down from 79.3% in the same period of 2024[17] Balance Sheet and Liquidity - Current liabilities decreased to $519,278 thousand from $581,326 thousand, improving the company's liquidity position[31] - Total assets less current liabilities increased to $253,497 thousand from $233,330 thousand, reflecting a stronger balance sheet[32] - Non-controlling interests decreased to $5,641 thousand from $7,074 thousand, indicating a shift in ownership structure[32] Company Acknowledgments - The company expressed gratitude to management, employees, regulatory bodies, shareholders, and customers for their support during the reporting period[33]